Housing advocates rally in NYC amid a hearing on proposed hikes to rent-stabilized units
Housing advocates and tenants rallied outside the NYC Rent Guidelines Board building on Thursday to protest a potential increase on rent stabilized apartments.
Advocates say nearly 1 million regulated apartment units could be affected citywide.
“Nobody here today can afford a 16% increase,” said one attendee.
The two groups gave testimony in front of the board, voicing their concerns about a possible hike and the impact it would have on their lives.
“Right now, my rent is $900 and my retirement is $600, and without my daughter's help it would not be possible to live,” said tenant Wang Hong.
Housing advocates told News 12 that tenants saw a rent hike just last year with a 5% increase on some two-year leases. Those on the opposite side of the issue say landlords are also struggling to meet the increased costs in maintaining their properties.
“These are rent-stabilized apartments we are talking about,” said a landlord. “A lot of these buildings are nearly 100 years old. Upkeep, maintenance and meeting escalating needs income and that needs to be adjusted to keep the system afloat."
Another protest is being planned for Tuesday when the city's Rent Guideline Board will be conducting its preliminary vote. The official vote will take place in June.